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thin opts was not doing a great job ! In fact if KPN and Ronn would not of taken back control this company, most likely would be in BK chapter 7. They were late on their rent, vendors were not paid, no new contracts and no new pilot, programs etc... Now this company has a shot with David Hultsman at the helm. Give this company 3 months and I believe you will be happy.
All I know is that KPN had the stock at 14 cents pre split, had a marine unit in testing, had a mid sized trucking outfit in Louisiana ready to buy,etc. They left to be given a reseller agreement which was denied them by the new managment, so those deals fell through.......all I ever saw out of new management was talk about an audit that was never started and a reverse split that tanked the company and all of us shareholders. Not one single unit sold and a lot of false blather about SEC issues that turned out to be incorrect assessment of the law according to what I have read and had recited to me by a top SEC attorney.
I hope the new team starts where they left off in securing new sales and driving revenue fast. it is all that is needed to get this stock going again. The technology apparently works just fine.
I am as frustrated as the next person and am too far away to look into this myself. From across the water, so to speak, this technology is a needed solution to both emissions and efficiency challenges. In Germany, the diesel issues are huge on both counts. I can only hope they hire an international rep to further drive their sales....
new website up and running. www.vydrotec.com
Looks like KPN and Ronn are back in charge according to the news release. Don Navarro is part of KPN, and a majority of shareholders has to mean Ron and KPN. I think Thinops was doing a great job but, removing Ron from board seems to have been a mistake. Reboot again!!!!!!!!!!!!
i can...whevever the founder is "kicked out" or "thrown out"...its ALWAYS bad!
can't believe that this is at the same range before the split
VYDR shares were formerly Ronn Motor Company RNNM.
my xdsl shares have not been converted to vydr shares yet...in my account i have two types...i thought xdsl was to become vydr
Could you explain what you are talking about?
wow...my scwhab shares have not turned over yet....
man...i gambled here and LOST my ass
Posted on Yahoo Message Board.
The legal firm of record is not the legal firm representing Vydrotech. I was referred to the current legal firm. They responded to my question of the status of the company with this response:
As you may be aware, several of the major shareholders of the company were involved in major lawsuit against the company’s former management team. That litigation was recently settled and it is my understanding that the company is in the process of cleaning up several problems… including website issues. I am forwarding your letter to Vydrotech’s management team and am hopeful that someone will be contacting you shortly
wow...clasic example of how to screw a good thing up!
Anyone know when financials are to be released?
You may be right.
New looper trailer out.
http://trailers.apple.com/trailers/sony_pictures/looper/
Communication With CEO
Go to the vydrotech website, under ceo corner 6-12-12 letter to shareholders to ask questions of the CEO and he is responding promptly. This is a major improvement and you need to read the comments/ questions.
New update
http://www.vydrotech.com/?p=106
Communication from ceo
Jim,
Our new website is up and running. We will be sending out a new shareholder communication later this afternoon through the CEO Corner. We are taking the approach to broadly communicate to our shareholders at least quarterly, and provide updated Press Releases if something material occurs. Each time we place a communication (PR) through Marketwire, it costs the company between $375 - $1,200...so we're going to manage this communication channel closely. The new web-site provides a space for comments and input, so please take a look.
I welcome your input.
Warmest regards,
David
80% loss of Market Capitalization after a mere 6 months in control should lead to a shareholder revolt!!
And constant silence.
And no new sales except those generated by previous leadership.
And no 10K.
And no Financial Audit.
And no prospect of any matter except more promises as evidenced by the Yahoo posting yesterday by "Nucker" about the promise of more better news by the so called CEO. Where have they been since last November.....
It is so frustrating.
Venting from Burnet where we used to be able to drive by and look plus see Ronn at the HEB.
Shareholders are frozen.
Although I agree with most of your statements, the 190,000.00 deferred revenue means the units were not shipped by March 31st. Have they shipped in last 45 days? Nobody knows what went on with the decision to remove Ronn from board, but as everyone knows the luster of this stock is gone for now after postponing the Scorpion production, but maybe that was the right thing to do. For now everything is frozen in time.
The 10Q is out and disappointing!! No news other than a report on how they are spending the Pipkin 300K (still have 190K left to spend meaning they have not built all of the units) and no other source of income.
If the newswire is correct, these guys actually took over when KPN left in early October last year.
That is six months: no new contracts or revenue from this team. I am surprised that Ronn has let them take over everything and dismiss him from his own company.
This report is very very disappointing as is the lack of news of anything substantive or positive.
Already having lost so much, I am in for the long haul but hope that new management or something comes in to knock this firm from this moribund state. Where are the shareholders?
I hope you're correct. I would really like to see them grow. not sure how to interpret the "Going Concerns".
Things are starting to come together.
They are starting to show sales, deferred sales which weren't shipped in 1st qtr, inventory is climbing, losses are declining, it can't be too long when the word starts to get out on this technology which is the only unit which actually works, and they are focused strictly on the hydrogen units for now. Once these units are accepted as working the sales will skyrocket. The way they sell them now is on a pilot program which ties up 2 to 3 months, once a few of the big trucking firms are satisfied this works they won't have any option other than equipping them on all their vehicles to remain competitive with the competition. This is going to basically explode overnight is my honest opinion. Not sure when, but expect a huge move by the end of the year.
What's your opinion Jim?
Thanks Jim, that should be positive news. I can't imagine a company like ThinOps throwing that much money into a company unless there is really something there.
Don
1st Quarter Results due Mon or Tues.
According to an email from the ceo the results will be posted by the 15th. Will be interesting to see how much money was pumped into the company over that period. Remember 4th quarter was a 4.2 mil loss. Seems ThinOps is really pumping money into this thing. Hopefully that is a good thing. I'm still looking for the upside once all these test pilot programs are over with and real sales take off.
OH NO Looks like Hope and Change Isn't working again! Looks like Zero is More likely than $50 or even $1.00. Maybe we can have another election. Sorry JMO.
Jim, Hope it's $50. We have been closed to 0 already.
Don
crazy...... the company was Ron Motors..... they need to get their IR people to let us know whats going on.
Probably good for the company .
This is a strange thing for sure, but if the current board made the decision to remove him there had to be a reason. My guess is they have large investors wanting to come on board, but not with Ronn still involved. This stock is either going to zero or $50.00 a share soon.
What about Ronn being gone now, good or bad?
Still Holding my shares Jim.
Still looking for something good, But back in December I still had my doubts.
------------------------------
My post, December 7, 2011
Incorporated 08/2011??? I don't like this! Seems like deja vu all over again.
THINOPS CAPITAL LLC
5750 N Sam Houston Pkwy E Ste 809
Houston, TX 77032
Contact: THOMAS M MORENO
Phone: Not Available
Directory Heading
INVESTMENT AND HOLDING COMPANIES
Incorporated: 08/2011; Investment and Holding Companies, Investment companies, investment counselors and consultants, and investment holding companies.
-------------------------------------------------
December 7 2011
Immie mind expanding on that?
My reply, December 8
Yes, when I saw the date that ThinOps Capital was Incorporated 08/2011, it reminded me of some of the other companies that RNNM had worked with in the past.
It’s hard to find information on these companies that he uses.
Like the trucking company RBX Management Corporation, Frigette Energy Systems, Insignia Brand Partners
Go to the RONN Motors WebSite and look at the tab called latest news. It goes back to May 2008. look up some of the companies in those articles even KPN.
http://www.ronnmotors.com/index.php?option=com_content&view=category&id=1:latest&layout=blog&Itemid=110&layout=default
I have held this stock for a long time and don’t plan on getting rid of it until it either makes money or goes bust.
I do like what KPN did for RNNM but there isn’t much information on why they are gone.
----------------------------------------
January 27
Next thing you know Ronn Motor Co will have a Houston PO. BOX#666!
Houston is a big city. Where you going Ronn????
--------------------------------------
Today
Sure wish I could get rid of this déjà vu feeling.
Come on Ronn sell something!
Don
What Do You Think?
Here we go again, new symbol, no yahoo message board, and a price equivalent to 1.5 cents before split. Seems every day that passes with no news more people are bailing out of this stock. Would be an excellant time to buy more shares, but I won't simply because of the reverse split. To me that was the equivalent of the company confiscating 85% of everyones shares and putting them back in the authorized shares category. How do you see it and what are your intentions?
One month of complete silence!! After a bombastic announcement and a 'letter' from the CEO we have a reverse split with extremely negative consequences, a name change, a financial posting that is both mysterious and clearly not within GAAP standards as professed.
So what is going on with these guys? No new revenue sources, no new contracts as promised.
Long time stock holders, especially those of us from the Hill Country, know that Roadhouse and Pipkin were the results of the previous management team, so we are waiting to see what the new team is doing after a long and perilous six months in control.
There are so many questions to ask but of course none will be answered as it appears they hide behind corporate veil of market silence due to change of name, reverse split and the like.....
We all believe these guys have a product as evidenced from the bus pilot.....why are there not folks storming the doors?
Appears new shares have been issued and trading has resumed. Level 2 bid .25 ask 1.00
Anyone reviewed the new 10K? Some extraordinary changes since last financials posted. What is even more alarming is that after six months of new management, there is still virtually no revenue, no news of any other than last years Randy Pipkin deal for 300K. The Roadhouse Bus deal was for one unit.
Without significant revenue, there is no company.
I remain concerned that things are going on that are not being disclosed and that will have a negative effect on the stock we all hold.....
Anyone else concerned about the long delay in changing to the new ticker?
Looper Trailer
http://trailers.apple.com/trailers/sony_pictures/looper/
I contacted the ceo, that share trade is not legitimate and he is reporting it to the otc market. No new shares are available for trading yet. Broker said it is usually 7 to 10 days before new shares are issued and cleared by sec. Yes the coo is the key to everything. Everything is moving along nicely. Their main objective is to get the share price above a dollar and move on to the big board. That's when the big interest will take place.
Sixty five percent drop in share price after split. So on the old basis, this means name change and split moved the stock from 5 cents to 1.75 cents and still no volume at all other than the few shares to created the drop. Seems very suspicious despite the letter from the new CEO. Research shows none of the principals really have any startup experience I could find and most of the Chairman seems to have been in small time staff augmentation for IT work.....? The COO appears to be the key to the firm.
They need cash in a hurry along with substantial orders to generate interest and then hire a market maker. I believe in the device and that it does work. Sign up some regional resellers/distributors quickly to get the ball rolling.
New Website
http://www.vydrotech.com/
Must Read
http://www.vydrotech.com/ceo-corner.php
Check out the new website
http://finance.yahoo.com/news/ronn-motor-company-announces-company-110000751.html
..
Ronn Motor Company Announces a Company Name Change and Reverse Stock Split
Press Release: Ronn Motor Company – 3 hours ago.. .
.
HOUSTON, TX--(Marketwire -04/02/12)- Ronn Motor Company (Pinksheets: RNNMD.PK - News) has now changed its name, effective today, to VydroTech, Inc and announces a one-for-seven reverse stock split.
Effectively immediately the Ronn Motor Company has elected to re-brand the company consistent with its re-focused vision -- to undertake the creation of revolutionary and environmentally responsible products for the global marketplace. The company has chosen to focus on being a hydrogen technology company, and the changed name of the company reflects this focused business strategy.
"VydroTech was selected because we desire to be a visionary hydrogen technology company," said David McGee, CEO of VydroTech, Inc. "Even though hydrogen won't necessarily be part of all our future products, it is who we are today and over time our clients will experience, by working with our company and using VydoTech's products, our brand stands for integrity, excellence and delivering outstanding results. Our new name and logo is shown above."
Given the pressures of the price of fuel and the demand by the public and the government to lower emissions, the company positioned itself to focus on addressing these immediate fuel consumption and emission issues rather than building exotic supercars. Mr. McGee further stated, "Our products are focused on delivering results for three distinct operating platforms -- large over the road diesel trucks (e.g., trucks like 18-wheelers); barges, tugboats and launches that operate within coastal waterways; and large land-based diesel generators. Our future clients will have one or two of the following distinct needs: (1) a need to reduce their diesel fuel costs by 10% - 20% and / or (2) a need to reduce their harmful gas emissions and become more compliant with existing and future stringent emission standards set by governmental agencies."
The company also announces that it authorized a one-for-seven reverse stock split of its outstanding shares of common stock (every seven shares held by a shareholder will be converted into one share). It also authorized 10 million shares of preferred stock and reauthorized 700 million shares of common stock following the reverse split. The company will trade long-term under a new stock symbol (VYDR) and a new CUSIP number.
"The company needed to take the steps necessary to create the space to allow us to raise additional funds and investment capital through the sale of shares," said Mr. McGee. "From the very beginning, it has been important for me and our leadership team that we take the actions necessary to build a strong foundation for the future -- both financially and operationally."
VydroTech, Inc (Pinksheets: VYDR) (formally the Ronn Motor Company) (Pinksheets: RNNMD.PK - News), is a technology-driven design, development and manufacturing company specializing in the creation and delivery of innovative green products and related technologies through green systems and green oriented engines for both transportation and fixed platforms, located in Houston, TX. For more information about VydroTech, Inc, please visit our Web site at http://www.vydrotech.com
Do you think that they are planning on selling shares after the R/S for funding? Truck payment may be past due.
thanks for the info jj, i knew i should have got rid of some shares, oh well that's just part of the game
That's the meaning of the "D" after 20 trading days it will be dropped back to RNNM.
I tried to do limit sells yesterday but no sale. I only hold 1000, well, 143 shares now.
I hate R/S but 1 for 7 isn't brutal like others if you followed my last link.
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http://www.ronnmotors.com
Ronn Motor Company, Inc. is a design and manufacturing company focused on leading edge design, environmentally friendly, finely built premium automobiles, balancing stunning looks and performance with eco responsible alternative power systems. These systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics. These features coupled with RONN's core values of a strong sense of ethics, environmental sensitivity and premium quality for discriminating tastes and unsurpassed customer service will place us among the leaders of an automotive industry in transition toward fuel efficiency. Ronn Motor Company, Inc. plans to build finely detailed, hand crafted, superb handling, and extremely quick but eco-friendly premium automobiles. Our first automobile, The Scorpion, will be a limited production vehicle with yearly production slated to be between 100 and 500 automobiles. Future vehicles such as a premium plug-in-hybrid 4 door sedan will see production numbers between 500-1500 vehicles.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Mission Statement:
Ronn Motor Company is a design and manufacturing company focused on leading edge design, environmentally friendly, finely built premium automobiles, balancing stunning looks and performance with eco responsible alternative power systems. These systems include Hydrogen Fuel, Hydrogen Fuel on Demand, Fuel cells, and Plug in electrics. These features coupled with RONN's core values of a strong sense of ethics, environmental sensitivity and premium quality for discriminating tastes and unsurpassed customer service will place us among the leaders of an automotive industry in transition toward fuel efficiency, and lowering the automobiles impact on the environment.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Partners
Ronn Motor Company would like to acknowledge its strategic partners for their dedication and commitment to the Scorpion project. These best in class companies have proven to be outstanding to work with and we encourage others to contact them if they can provide you with their products of services.
Hydro-Runner:
This company designs and builds the hydrogen generator that is being used on the Scorpion eco-exotic. www.hydrorunner.com
Goodson Acura:
The folks at Goodson have sold us all of the Acura parts we are using for our car. Their attention to detail and customer service is unparalleled and we encourage you to contact them for all your Acura needs. www.goodsonacura.com
Metalcrafters:
This company is an industry leader in body design, prototyping and fabrication. We are privileged to be associated with this company and recommend their products and services. www.metalcrafters.com
MOZ Wheels:
Wheels are a important part of the exotic car market and MOZ has done an amazing job custom building to our specs. www.mozwheels.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
RNNM — Ronn Motor Co.
Com ($0.001)(New)
Primary Venue: Pink Sheets
Estimated Market Cap
110,000,000 as of May 30, 2008
Outstanding Shares
200,000,000 as of Apr 25, 2008
Authorized Shares
700,000,000 as of Apr 25, 2008
Number of Share Holders of Record
209 as of Apr 25, 2008
Float
74,308 as of Apr 25, 2008
~~~~~~~~~~~~~~~~~~~~~~~~
Transfer Agent
Olde Monmouth Stock Transfer Co., Inc.
200 Memorial Pkwy
Atlantic Highlands, NJ 07716
Auditor/Accountant
Dan Bates, CPA
5410 Bee Cave Road
Austin, TX 78746
Legal Counsel
SettlePou
3333 Lee Parkway
8th floor
Dallas, TX 75219
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
UNVEILING: Coming June 3rd, 2008 at the Four Seasons Hotel in Austin, Texas
Please join us for this momentus occasion in Austin by sending us an email at adrian@ronnmotors.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NEWS
Texas Automotive Company Becomes Publicly Traded Entity
Thursday May 29, 6:09 pm ET
Automotive Entrepreneur and Former Dell Executive Take Ronn Motor Company Public
http://biz.yahoo.com/bw/080529/20080529006358.html?.v=1
Central Texas Innovators Ronn Motor Company Building New Generation of Hydrogen Cars
Tuesday June 3, 2:00 pm ET
Company Taking Orders for One of America's First Premium Eco-Exotic Vehicles
http://biz.yahoo.com/bw/080603/20080603005549.html?.v=1
Ronn Motor Company Appoints Insignia Brand Partners for North American Public Relations Support
Monday August 18, 5:20 pm ET
http://biz.yahoo.com/prnews/080818/lam095.html?.v=101
Ronn Motor Company Eco-Exotic Scorpion(TM) Super Car Set to Break 200 MPH Barrier
Thursday August 21, 9:00 am ET
Scorpion(TM) Exceeds Expectations in High-Speed, Braking, Handling and Acceleration Testing
http://biz.yahoo.com/iw/080821/0427118.html
Ronn Motor Company's Eco-Exotic Hydrogen Sports Car Gearing Up for Federal Government Safety and Emissions Testing
Tuesday August 26, 9:45 am ET
Company Contracts With Leading Automotive Engineering Firm to Complete Certification
http://biz.yahoo.com/iw/080826/0428181.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
YOUTUBE VIDEO
Ronn Motors Scorpion Hydrogen Video
http://www.youtube.com/watch?v=0Y_gumpBuko
DISCLAIMER - Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information
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